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URL:  https://boards.fool.com/thanks-for-the-excellent-food-for-thought-in-this-11910418.aspx

Subject:  Re: Long Term Care and Money. Date:  2/1/2000  6:28 PM
Author:  TheTortoise Number:  1896 of 22760

Thanks for the excellent food for thought in this thread. And Jeffery, you're not cynical to question this seeming inequity.

There is one caveat, though, for anyone planning to give away their assets before going into a nursing home, in order to qualify for Medicaid. I believe the government has a "look back period" of perhaps three years. This means that if you've given away any assets in the three years prior to applying for Medicaid, these assets will be counted toward your Medicaid eligibility, and probably disqualify you.

Since none of us know exactly when we will fall apart, I'd say the government has done a pretty good job of closing this loophole.

Gail Buckles
Montgomery Village, Maryland
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